Ivan Feinseth, an analyst from Tigress Financial, reiterated the Buy rating on Carnival. The associated price target was raised to $40.00.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Ivan Feinseth has given his Buy rating due to a combination of factors that highlight Carnival Corporation’s strong financial and operational performance. The company has shown record-setting profitability, driven by a robust demand environment and effective cost controls, which are expected to continue enhancing shareholder value. Additionally, Carnival’s strategic focus on destination development and fleet expansion is contributing to its growth trajectory.
Furthermore, the company has demonstrated strong forward bookings and operational efficiencies, which are key indicators of sustained business performance. Carnival is also capitalizing on the resilient demand for cruise vacations, which is supported by the exceptional value they offer within the global travel market. This ongoing revenue and cash flow growth allows the company to fund its growth initiatives, fleet upgrades, and debt reduction, reinforcing its financial strength and future prospects.
In another report released today, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $33.00 price target.
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CCL in relation to earlier this year.